Somesh Jha And Indivjal Dhasmana

Stories by Somesh Jha And Indivjal Dhasmana

Govt issues Covid-19 safe workplace guidelines

Govt issues Covid-19 safe workplace guidelines

Rediff.com   1 Oct 2020

While demanding more outdoor air ventilation, the strategy document calls for a structural modification in the workplace.

Retrenchment norms: Govt says it won't be 'hire and fire'

Retrenchment norms: Govt says it won't be 'hire and fire'

Rediff.com   29 Sep 2020

The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.

'It is a no-brainer that there will be a very sharp rebound next year'

'It is a no-brainer that there will be a very sharp rebound next year'

Rediff.com   29 Sep 2020

'The CEA suggested that could be as high as 19 per cent.'

NPAs under Mudra scheme rise to 5% for public sector banks

NPAs under Mudra scheme rise to 5% for public sector banks

Rediff.com   24 Sep 2020

Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.

E-com cos fret over Madras HC ruling on GST refunds

E-com cos fret over Madras HC ruling on GST refunds

Rediff.com   23 Sep 2020

The high court's order, which says refunds paid on service inputs can be restricted, runs contrary to Gujarat HC verdict and could complicate matters.

Govt, industry lock horns over hiking TV prices

Govt, industry lock horns over hiking TV prices

Rediff.com   21 Sep 2020

For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.

21 states opt for Rs 97,000-crore RBI window to meet GST shortfall

21 states opt for Rs 97,000-crore RBI window to meet GST shortfall

Rediff.com   21 Sep 2020

This may leave those not opting for any of the two options offered by the Centre before the GST Council meet scheduled for October 5 in the lurch. It is clear from the present situation that these states will have to wait till June 2022 to get their compensation, subject to the council extending the cess collection period beyond June 30, 2022.

Covid: Some good news for ESI subscribers

Covid: Some good news for ESI subscribers

Rediff.com   18 Sep 2020

ESI subscribers to get Covid unemployment allowance within 15 days of claim. Payment will be made into bank account of the insured and Aadhaar will be used for identification.

OECD raises prospects for global GDP, cuts it for India

OECD raises prospects for global GDP, cuts it for India

Rediff.com   17 Sep 2020

While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.

Business reforms: Gujarat ranks behind West Bengal

Business reforms: Gujarat ranks behind West Bengal

Rediff.com   17 Sep 2020

While other states are becoming competitive, Gujarat, say experts is not paying enough attention to maintaining its own position in terms of business reforms.

Migrants must not bear cost of Covid: Centre to states

Migrants must not bear cost of Covid: Centre to states

Rediff.com   12 Sep 2020

Labour ministry guidelines say workers returning to cities must get housing, health insurance, facemasks. The Centre has also asked states to issue guidelines to employers to take care of the needs of migrant workers.

EPFO to pay 8.5% interest for FY20 in two instalments

EPFO to pay 8.5% interest for FY20 in two instalments

Rediff.com   10 Sep 2020

The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.

FM to hold review meeting with lenders on loan recast scheme

FM to hold review meeting with lenders on loan recast scheme

Rediff.com   31 Aug 2020

The focus of the meeting will be on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation.

India will need to find jobs for additional 90 mn: Report

India will need to find jobs for additional 90 mn: Report

Rediff.com   27 Aug 2020

The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.

RBI may escape govt's scrutiny for missing inflation target

RBI may escape govt's scrutiny for missing inflation target

Rediff.com   17 Aug 2020

If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.

Covid-19 crisis: Revival in rural demand overstated, say economists

Covid-19 crisis: Revival in rural demand overstated, say economists

Rediff.com   3 Aug 2020

Much of the rural recovery story is based on the premise of agriculture doing well. Even if it clocks a growth of 2.5-3 per cent this year, it is still just around 15 per cent of the overall GDP. The non-farm sector, which constitutes a bigger portion of the overall rural economy, is now hampered by disruptions and lockdowns.

China, Vietnam, Taiwan help arrest fall in engineering exports

China, Vietnam, Taiwan help arrest fall in engineering exports

Rediff.com   25 Jul 2020

Outbound shipments of engineering products in June to these nations doubled to $1.32 billion in June 2020, from $653.52 million in June 2019.

Banks to resume wage revision talks with TU leaders on July 22

Banks to resume wage revision talks with TU leaders on July 22

Rediff.com   21 Jul 2020

The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022.

Drop in health expenditure amid pandemic surprises experts

Drop in health expenditure amid pandemic surprises experts

Rediff.com   18 Jul 2020

The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore, the expenditure had risen almost 200 per cent in April against Rs 4,327 crore in the corresponding month of 2019-20.

Raghuram Rajan differs with FM, says NPAs will see unprecedented rise

Raghuram Rajan differs with FM, says NPAs will see unprecedented rise

Rediff.com   15 Jul 2020

Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.